The upcoming recession is expected to trigger a wave of payment defaults As the cost-of-living crisis squeezes British households, many have fallen behind on their bills, according to the Which? Consumer Insight Tracker. Data released on Wednesday shows that an estimated 1.9 million households have failed to make at least one mortgage, rent, loan, credit card, or other bill payment over the last month. The figure is up from 1.7 million households this time last year. The report indicated that missed payment rates generally tend to be lower in the lead-up to the holiday period and peak in January, when many househo
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